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socialism

noun
/ˈsəʊ.ʃəl.ɪ.zəm/

Meaning

An economic system where the means of production are owned by the state or community.
a political and economic system in which the means of production are owned or regulated by the community as a whole

Example Sentences

In socialism, resources are distributed equally among citizens.

Socialism advocates for collective ownership of resources.

Synonyms

Collectivism, Public Ownership, State Control, collectivism, communism, leftism, state ownership
Entry 1
Collectivism, Public Ownership, State Control
Entry 2
collectivism, communism, leftism, state ownership

Antonyms

Capitalism, Free Market, Privatization, capitalism, privatization
Entry 1
Capitalism, Free Market, Privatization
Entry 2
capitalism, privatization

Collocations

embrace socialism, socialism theory, socialism system

Related Vocabularies

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